Description
Dubbed “the next Wynwood” by real estate developers and investors, Allapattah is the most sought-after up-and-coming neighborhood in Miami-Dade County, where plans to reshape the area have been recently approved and announced. Allapattah is expected to transform into a new cultural center with an abundance of new dining destinations, distilleries, live music event venues and more. A newly approved mixed-use development is projected to open in the spring of 2022.
Only three blocks away from the location of that development, lies this rare 7,250 square foot vacant lot which is zoned T6-8-O, offering an exceptional opportunity to take advantage of the area’s projected popularity. With T6-8-O zoning, which offers the greatest number and variety of uses, you can build an 8-story multi-family building, or alternatively make commercial use of the property and build an office building, an entertainment establishment, a food service establishment and many others.
This vacant lot is located only two blocks from the Health District of Miami, which is home to prestigious hospitals such as Jackson Memorial, University of Miami Hospital (UHealth Tower) and Miami-Dade College Medical Campus, that generate increasing demand for rental properties, food and entertainment by healthcare workers and medical staff. The property is located 5 minutes away from Wynwood bars and restaurants, 7 minutes away from Edgewater, 8 minutes away from Downtown Miami and 10 minutes away from Miami International Airport.
From ABC News, June 2, 2021: “Empty lots and warehouses in emerging neighborhoods such as Allapattah and Overtown have become the next sought-after real estate commodity for mix-use developments, especially due to their location directly west of the already bustling neighborhoods of Wynwood, Midtown, Edgewater, and Downtown.”
Owner financing available.
